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The Outlook for Azerbaijani Gas Supplies to Europe: Challenges and Perspectives 4 juin 2015

Posted by Acturca in Caucasus / Caucase, Energy / Energie, EU / UE, Turkey / Turquie.
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OIES Paper (Oxford Institute for Energy Studies) NG 97, June 2015

By Gulmira Rzayeva *

As the birthplace of the oil and gas industry, Azerbaijan’s long and rich history is intertwined with hydrocarbon production, with oil drilling pre-dating activity in Pennsylvania by 13 years. The involvement of foreign oil companies in the late 1800s, including the Nobel Brothers, resulted in the country becoming the world’s foremost oil producer at the turn of that century. The Soviet era precluded further international investment, but saw a dramatic growth in gas production commencing in the 1920s. The 1990s witnessed the return of the IOCs with the Azeri-Chirag-Guneshli field (oil and associated gas) and the Shah Deniz (gas and condensate) field developments reversing the trend of production decline and creating an export surplus in both oil and gas.

In this paper, Gulmira Rzayeva provides a comprehensive analysis of the challenges which were surmounted in the development of the Shah Deniz field, not least of which related to establishing export pipelines and marketing arrangements in Turkey, and (for Phase 2) Europe.

* OIES Research Associate

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